3M Given Consensus Rating of “Hold” by Brokerages (NYSE:MMM)
3M (NYSE:MMM) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, American Banking News reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $138.46.
A number of analysts have recently weighed in on MMM shares. Analysts at Zacks reiterated a “neutral” rating on shares of 3M in a research note to investors on Tuesday, February 4th. They now have a $134.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of 3M from $143.00 to $140.00 in a research note to investors on Friday, January 31st.
Shares of 3M (NYSE:MMM) traded down 0.26% during mid-day trading on Monday, hitting $129.995. 887,894 shares of the company’s stock traded hands. 3M has a one year low of $101.75 and a one year high of $140.43. The stock has a 50-day moving average of $134.5 and a 200-day moving average of $124.8. The company has a market cap of $86.225 billion and a P/E ratio of 19.39.
3M (NYSE:MMM) last announced its earnings results on Friday, January 31st. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.01. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.70 billion. On average, analysts predict that 3M will post $7.47 earnings per share for the current fiscal year.
3M Company (NYSE:MMM) is a diversified technology company with a presence in the industrial and transportation; health care; consumer and office; safety, security and protection services; display and graphics, and electro and communications businesses.
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